Press

Trump unlikely to curb AML rules; new, ‘fairly loose’ cyber standards seen – Giuliani

The administration of U.S. President Donald Trump is unlikely to ease U.S. antimoney laundering regulations, former New York Mayor Rudy Giuliani said Wednesday in an interview with Thomson Reuters Regulatory Intelligence.
The administration is also likely to issue cyber security regulations, but they would probably be “fairly loose” in their impact on businesses, Giuliani said at a compliance conference in Florida.

U.S. to send antilaundering trainers in Caribbean derisking initiative regional official

The U.S. Treasury Department next week will send representatives to St Kitts to begin training the Eastern Caribbean Central Bank on antimoney laundering oversight. The initiative aims to help banks in the region establish and maintain ties to U.S. counterparts amid a wave of “derisking” by enforcementwary institutions, the regional central bank’s head said at a compliance conference in Miami on Wednesday.